Gospodarka

People struggling during the cost-of-living crisis should consider taking on more hours at work or moving to a better-paid job, a Government minister has said.more

Workers from post-Soviet Asia could fill the vacancies left by Ukrainian men who went to war, reports today's Rzeczpospolita.more

Today's CSO data is the highest inflation reading in 24 years. However, we expect food prices to peak only at the end of the year. The prospects for inflation to return to the inflation target should be postponed until at least the second half of 2024, Bank Pekao believes.more

NHS prescription charges in England are to be frozen in the latest move by ministers to ease the cost-of-living crisis amid fears the squeeze on family incomes is damaging the Tories.more

The cost of living is rising in Spain and food prices are at their highest in almost 30 years, according to the latest figures from the National Institute of Statistics (INE). Due to inflation exacerbated by the consequences of the Russian invasion of Ukraine, prices of basic foodstuffs rose by more than 10 per cent year-on-year in April.more

Up to 30 percent of companies that have had their taxes deferred due to the coronavirus pandemic will not be able to pay them back, State Secretary for Taxation Marnix van Rij told members of the lower house of parliament (Tweede kamer). The government reckons with a loss of around 6 billion euros.more

In the wake of Russian aggression and drought in Europe, post-holiday food prices could be almost 20 per cent higher than last year; rising food prices will further accelerate inflation, PIE said in a commentary today.more

Saudi Aramco surpassed Apple and became the highest-rated company in the world. The last time Saudi Aramco was number one in 2020, the Financial Times reported. Today, the market capitalization of the Saudi company is $ 2.426 trillion.more

The UK could be heading for a recession, analysts have warned, after the economy shrank during March as the rising cost of living hit households.more

Research from the Social Market Foundation found relatively affluent boroughs in London - such as Islington, Hackney and Camden - are falling well below the national average for residents’ happiness and life satisfaction.more

Producers of agricultural products in Germany raised prices to a record level in March, the first month after the outbreak of the war in Ukraine - by an average of 34.7 percent. compared to March 2021. This is the largest year-on-year increase in prices in a given month since the start of the survey in 1961, the German Federal Statistical Office reported.more

The number of people struggling to buy food has risen by more than half — 57% — in three months as the cost of living crisis hits families.more

Energy bills are likely to go up by nearly another £1,000 for millions of households around the country next winter, the boss of a major energy company has said.more

Rising prices are making the government's plans to reduce regional inequalities more difficult and more important, says Michael Gove, the cabinet minister for levelling up.more

The demand for housing loans in Poland may drop by as much as 70 percent. The ability to borrow from banks is ending - the Polish daily "Rzeczpospolita" reports.more

97% of Poles declare that their households have no outstanding current liabilities, e.g. rent, electricity or phone bills, the CBOS survey showed. Only 3% declare such unpaid obligations, while 1% have problems with their repayment, the survey added.more

In London, the demand for storage space for bicycles is growing, reports the British press. As Londoners themselves report, many two-wheelers are kept "in corridors, in bedrooms and even in toilets."more

European companies, compared to American ones, grow more slowly, make less profit and invest less in research and development, according to a McKinsey Global Institute report. By 2040, they could generate up to €4 trillion less in added value, it stated.more

Installments on zloty-denominated housing loans have already increased by three quarters and are likely to continue growing. We will have to wait for the first rate cuts at least until 2023. - HRE Investments experts believe.more

Corporate sentiment is deteriorating rapidly, so employers will be more assertive in salary negotiations, Pekao analysts indicate. According to them, the wage dynamics will reach its peak in the middle of the year, and then it will start to fall.more

The Bank of England (BoE) today raised its main interest rate from 0.75 per cent to 1 per cent, the highest level in 13 years. This is the fourth consecutive interest rate hike. The BoE expects inflation to exceed 10 per cent by the end of the year.more

The UK yesterday banned the export of professional services to Russia and imposed sanctions on a further 63 individuals and entities, mainly in the mass media sector.more

Due to the war in Ukraine, bird flu and rising inflation, there are shortages of certain food products in French supermarkets, including oil, flour and eggs. Sixty per cent of the shortages are in groceries and fresh produce.more

Inflation will stay with us at least for the next 2-3 years - forecasts Pawe³ Borys, President of the Polish Development Fund. We hope that in the perspective of the 3rd quarter of this year inflation will reach its maximum and will start falling in the perspective of next year - he adds.more

In the euro zone, Poland could catch up with the countries of Western Europe faster, according to a survey conducted by "Rzeczpospolita" among economists. Its results were published in today's edition.more